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Violation Tracker Individual Record

Company: Berean Capital Incorporated
Penalty: $100,000
Year: 2006
Date: February 1, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: NASD has censured and fined Berean Capital Incorporated and its president $100,000 for failing to disclose political contributions made to city and state officials in Illinois and elsewhere while Berean Capital was acting as a municipal securities dealer.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: Enforcement: NASD Fines Berean, Top Official for G-37 Lapses, The Bond Buyer, February 1, 2006 (via Nexis).
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.